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Colorado Department of Education

Financial Transparency

Fiscal Year
2022 - 2023

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Adams 12 Five Star Schools (0020)

1500 E 128TH AVENUE
THORNTON, CO 80241

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Historical Data Historical Data
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Students Info
35,747
Total Students Served
31,963
Non-Charter School Students
Serves Elementary School Grades Serves Middle School Grades Serves High School Grades Charter
55 View School List
SCHOOLS IN DISTRICT

Narrative

quotes A message from:
Gina Lanier
Chief Financial Officer
Adams 12 Five Star Schools
July 01, 2024
Adams 12 Five Star Schools is accredited as a Performance District in Colorado, serving students in preschool through 12th-grade. We’re a caring, inclusive and engaging district which exists so the students it serves can attain the knowledge and skills necessary to pursue the future of their choosing and are equipped to navigate and thrive in our rapidly changing world. Our mission is to engage and inspire all students to innovate, ... Adams 12 Five Star Schools is accredited as a Performance District in Colorado, serving students in preschool through 12th-grade. We’re a caring, inclusive and engaging district which exists so the students it serves can attain the knowledge and skills necessary to pursue the future of their choosing and are equipped to navigate and thrive in our rapidly changing world. Our mission is to engage and inspire all students to innovate, achieve and succeed in a safe environment by ensuring high quality instruction in every classroom, every day. Located just seven miles north of downtown Denver, Adams 12 Five Star Schools is the sixth largest district in the state offering more than 32,000 students and their families the benefits of a large community with a close-knit feel. That's reflected in the numerous opportunities for students, staff and parents at any of the district's more than 50 unique learning centers. The five stars represent the five cities the district serves: Broomfield, Federal Heights, Northglenn, Thornton and Westminster. This financial transparency website is the result of state legislation passed in 2014. It requires the Colorado Department of Education to create a website that translates the expenditures and revenues for school districts into a format that is easily understandable. To be consistent with federal reporting requirements established by the U.S. Department of Education, the method used on this website excludes certain records from revenue and expenditure totals. These records are excluded to avoid duplication or inflation of revenues and expenditures. For example, indirect costs, overhead costs, interfund transfers and flow through of funds are not included. This method is in contrast to the presentation in the Adams 12 Annual Comprehensive Financial Report and the district’s budgetary reporting. Adams 12 reports include all expenditures and revenues as required by the Generally Accepted Accounting Principles (GAAP) defined through the Governmental Accounting Standards Board (GASB). Below are links to documents on the Adams 12 website that provide a comprehensive financial profile. These documents should be reviewed along with this financial transparency website for the greatest clarity. The Adams 12 Annual Comprehensive Financial Report includes financials presented under the GAAP along with management’s discussion and analysis and the budget is a comprehensive document for all Adams 12 funds: https://www.adams12.org/our-district/financials/financial-transparency

Spending

Current Spending Per Student
$14,730
Current Spending per Student
$14,845
State Average
School Level Spending per Student
  • Federal
    $708
  • State/Local
    $10,162
  • Total
    $10,870
School Share of Central Spending per Student
  • Federal
    $259
  • State/Local
    $3,600
  • Total
    $3,860

Current District Spending

  1. Learning Environment
    Learning Environment
    78%
  2. Operations
    Operations
    22%
Learning Environment Expenditures
Learning Environment
$410,393,133

View Learning Environment Breakdown

Operations Expenditures
Operations
$116,148,578

View Operations Breakdown

$526,541,711

Total

Long-Term Spending
Construction, Debt, Refinancing & Other
Construction, Debt, Refinancing & Other

View Construction Funds Breakdown

These expenditures are those not associated with day-to-day operation of school activities and, therefore, are not included in the per-student spending calculation. They are comprised of major construction projects, debt payments, acquisition of land, and other programs.

$174,318,671

Total

Total District-Allocated Spending

$700,860,382

Totals may not sum due to rounding

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Funding and Revenues

Funding

  1. Local
    Local
    46%
  2. State
    State
    46%
  3. Federal
    Federal
    8%
Local Fundings and Revenues
Local
$293,189,206

View Local Fund Breakdown

State Fundings and Revenues
State
$291,931,763

View State Fund Breakdown

Federal Fundings and Revenues
Federal
$52,836,711

View Federal Fund Breakdown

$637,957,680

Total

Other Fundings and Revenues

Other revenues not received through local, state, or federal sources. They include proceeds from the sale of bonds, accrued interest, and other extraordinary items.

$0

Total

Total Funding

$637,957,680

View Property Tax Breakdown

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